3Com Corporation (COMS) Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : 3Com Corporation (COMS)

COMS 0.00130

-87.0%

Nov 7 11:47 AM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Doug who wrote (29746)	4/17/1999 10:29:00 PM
From: Harold S. Kirby	Read Replies (2) of 45548

Dough: You are absolutely correct. It is benhamou & cadre that I want removed. Once he goes....the new CEO will put his own men in those positions. A new CEO could not possible "trust" the old CEO's team. Once benhamou or any CEO resigns...his team will certainly be actively looking for another organization to join as they know what is coming. Usually...the first signs of a CEO's pending resignation is when his key players submit their resignation(s) prior to his. He is giving them time to find another position elswhere. One of benahamou's exec. left recently...I believe he was in the Marketing Dept. If in the next few months others follow then it will be a fairly safe bet that benhamou will exit...most likely sometime this year or next! I think the shareholders are going to be the final "thrust" of the sword come september. In the years that I was in Management...I do not recall a time when "Key Personnel" ever protested the "Chief's decisions"...it would have been "instant suicide"! I certainly had my share of encounters with my "Leader" but they were always "very private" and I was extremely careful as to what I conveyed. You can come out of these "sessions" with..."either you follow my directions or I will find someone who will"! It is usually the Board of Directors that can gain the "attention" of the CEO. Shareholders also can apply quite a bit of "leverage" upon the CEO through the Board. As I see it...3com (Board of Directors)are looking at the situation very keenly and need some "breathing room" before they make any major decision(s). They would like to have someone "in the wings" on board when they make a major Management Reorganization. This recent announcement was "window dressing" to get a feel as to how WS would react and hopefully give them some "breathing room" and remove some of the pressure they are getting from the shareholders. Obviously...it did not accomplish their objective. The stock cannot remain in the 20's for two qtrs and they know it. If Claflin can substantially decrease their "variable and fixed costs" during this next qtr. their Income statement certainly will reflect greater profitability and he will gain some "attaboys"... Claflin will accomplish what benhamou has been unable to do...need I say more? I do not think that Claflin came on board to remain as COO...his goal is to be CEO. Lt.Col's want that "first star" and once acquired they like the look of another one, two,or three! Claflin is no different...his sights are set high and if he moves the ship away from the rocks...well I'm sure he'll expect to be rewarded! Warfare is Warfare...doesn't make any difference if it is on a battlefield or within an organization...the dog that chews up the enemy is the one who will be "well fed" by the owner(s). benhamou has been "injured and wounded" by WS & MM and they will continue with the "punishment" until a "new dog" replaces him. benhamou & cadre are only "fooling themselves" if they think that WS,MM,& shareholders are going to allow them to "screw over them" again. It is just a matter of time...another disappointing performance or two will end it! Regards, HKirby

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next